Plan Ledger DOL Form 5500 · updated monthly

South County Hospital403(b)

THE SOUTH COUNTY HOSPITAL 403(B) RETIREMENT PLAN · WAKEFIELD, RI · plan year 2024

Reported admin expense ratio · 2024
0.18%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

South County Hospital reported $193,359 in plan administrative expenses for 2024: 0.18% of average plan assets, above the peer median. Employer contributions averaged $1,488 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.20% to 0.18%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 40th-largest of 286 plans among Rhode Island employers on file, and the 1,031st of 11,911 in health care & social assistance. In 2024, employees put in $3.14 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$108,537,886
Participants with balances2,037
Active participants1,384
Employer contributions$2,058,811
Employee contributions$6,469,484
Employer contribution per active participant$1,488
Average account balance$53,283
Benefits paid to participants$14,889,604
Plan auditDisclaimer of opinion
AuditorGRAY GRAY AND GRAY
Plan history3
Yearassets · accounts · employer contribution
2024$108.5M · 2,037 accts · $2.1M emplr
2023$101.6M · 2,053 accts · $2.3M emplr
2022$88.1M · 1,978 accts · $2.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$168,621
Investment management$24,738
Total administrative$193,359
Employer contributions to the South County Hospital plan · 2024
Employer contribution per active participant$1,488
Median for plans this size$3,635
2024$1,488 per active participant
2023$1,632 per active participant
2022$1,755 per active participant

South County Hospital's 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$168,621
FIDUCIENT ADVISORS · Consulting · Insurance services$19,468
CHARLES SCHWAB & CO., INC. · Securities brokerage$351

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Transamerica
2023Transamerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$193,359 · 0.18%
2023$180,413 · 0.19%
2022$184,811 · 0.20%
Same employer
Similar plansHealth Care & Social Assistance · Rhode Island
Minuteclinic, LLC RI$350.0M · 0.05%
University Orthopedics, Inc. RI$138.1M · 0.02%
Thundermist Health Center RI$52.9M · 0.03%
Health Concepts, LTD RI$43.3M · 0.38%
Hopehealth RI$39.8M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 050445136 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.